Q3 Global Propylene Capacity and Capital Expenditure Outlook – China and the US Continue to Lead the Propylene Industry Expansion

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Global propylene capacity is poised to see considerable growth over the next five years, potentially increasing capacity from 111.0 million tonnes per annum (mtpa) in 2015 to 131.7 mtpa in 2020. Around 68 planned projects are slated to come online in the next five years, primarily in China and the US.

  • China has 29 planned propylene projects adding capacity of about 9.5 mtpa by 2020. China’s capital expenditure (capex) for these projects is US$6.48 billion by 2020. Major capacity additions will be from Oriental Energy Co., Ltd. and China Petroleum Chemical Corporation.
  • The US has six planned propylene projects adding capacity of about 2.8 mtpa by 2020. Capex for these projects totals US$2.21 billion over the next five years. Major capacity additions will be from Ascend Performance Materials LLC and Enterprise Products Partners L.P.
  • In the Middle East, Iran has five planned propylene projects adding capacity of about 1.5 mtpa in the coming years, and plans to spend US$1.19 billion over the next five years. Mehr Petrochemical Company is the top company accounting for the major capacity additions in Iran.
  • In Former Soviet Union, the majority of capacity additions are in Russia, with planned capacity additions of about 0.5 mtpa by 2020. Capex for these projects totals US$1.99 billion by 2020. SIBUR Holding is the top company accounting for the major capacity additions in Russia.

In Africa, propylene capacity additions are in Egypt, with planned capacity additions of about 1.1 mtpa by 2020. Capex for these projects totals US$1.11 billion in the coming years. In Europe, Finland and Poland together plan to spend US$0.72 billion to add capacity of about 0.5 mtpa, expected onstream by 2020. In South America, Bolivia is expected to spend US$0.22 billion in the coming years.

Q3 Global Propylene Capacity and Capital Expenditure Outlook – China and the US Continue to Lead the Propylene Industry Expansion

Report Information:
Price:
$1,500 (Single User License)
Published: Dec 2016
Publisher: GlobalData
Report Format: electronic pdf

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